Most Popular
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[Grace Kao] American racism against Stray Kids
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Key S. Korean, USFK special operations officials to hold rare meeting amid NK threats
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Jennie, Stray Kids's Met Gala attendance puts them on 'digital guillotine' blacklist
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Controversy brews over shakeup of prosecutors amid probe of first lady
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OpenAI gives ChatGPT new powers to see, hear
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Another suspect behind murder of Korean tourist in Pattaya arrested in Cambodia
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[KH Explains] Naver’s Line dilemma: Lose global footing for cash?
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S. Korea to inject $70m into AI-powered public education
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[Herald Interview] Carbon breakthrough in Korea: Making diamonds at atmospheric pressure
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Korean industries gauge impact of Biden's steep tariffs on China
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Boeing 787 Dreamliner launched with flight to Japan
TOKYO (AP) ― Boeing Co.’s long-delayed 787 completed its maiden trans-Pacific journey and landed in Japan, where the more fuel-efficient jet will undergo testing this week with All Nippon Airways in preparation for its first commercial launch.The “Dreamliner” touched down at Tokyo’s Haneda Airport from Seattle early Sunday to applause and a white “Welcome to Japan” banner held by flight attendants
July 4, 2011
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KT eyes global markets through Wi-Fi partnerships
Telecom giant forms international taskforce on global Wi-Fi roaming serviceKT Corp., the country’s biggest fixed-line service operator, is casting an eye toward global markets on the strength of its innovative technologies.Pyo Hyun-myung, president of the mobile business unit at KT, said the company is not merely looking to do business in other countries by buying shares of overseas firms, but als
July 3, 2011
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Do bloggers have too much power?
Case of ‘power blogger’ reveals ugly side of online punditsA total of 4,983 people staged a cyber protest against an online homemaking pundit Sunday morning, calling for an apology and compensation for her public deception. They said 46-year-old Hyun Jin-heui, running one of the nation’s most visited blogs, had arranged sales of an electronic gadget that could harm people’s health and bagged a for
July 3, 2011
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Overseas sales of Galaxy S2 top 3m
Models show Samsung Electronics’ smartphone “Galaxy S2” in celebration of the launch of the phones in Mexico on June 30. The sales of the phones have broken the 3-million barrier. (Yonhap News)Samsung Electronics Co., the world’s second-largest maker of mobile phones, said Sunday its overseas sales of the Galaxy S2 smartphone topped the 3 million mark 55 days after its launch.More than 3 million u
July 3, 2011
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KITA matches 10,000 jobseekers with work
The Korea International Trade Association said Sunday the number of people who found jobs through its online recruitment services has topped 10,000 in less than two years. The website, named JobTogether (http://jobtogether.net/), was opened in September 2009 as part of KITA’s campaigns to tackle labor shortages in the local trade industry and rising unemployment in Korea. As of May, 10,838 job see
July 3, 2011
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Korea pension fund to pump W250b into Titleist brand
Korea’s state pension fund is said to inject at least 250 billion won ($234.3 million) into a Korean-led consortium for its project to buy Titleist golf brand, industry sources said Sunday.The group led by Fila Korea Ltd. struck a deal with Fortune Brands Inc. in May to take over the U.S.-based liquor firm’s golf equipment unit Acushnet for $1.23 billion. Other partners include Mirae Asset Private
July 3, 2011
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HP targets iPad with new tablet
Jon Rubinstein, senior vice president and general manager of Hewlett-Packard Co.’s Palm business unit, holds HP’s TouchPad tablet device during the Uplinq conference in San Diego, California. (Bloomberg)NEW YORK (AFP) ― U.S. technology giant Hewlett-Packard rolled out its new TouchPad tablet computer on Friday, seeking to dethrone the dominant Apple iPad and revive its slumping fortunes.The TouchP
July 3, 2011
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Embattled Samsung LCD unit absorbed into new division
Samsung on Friday merged Samsung’s Electronics’ embattled liquid crystal display unit into a newly created Digital Solutions division to be headed by Kwon Oh-hyun, chief executive of the company’s semiconductor business.Chang Won-kie, chief executive of the LCD unit, was removed from his post to become adviser to Kwon in a move that industry watchers saw to be a demotion criticizing Chang’s role f
July 1, 2011
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Honda recalls faulty motorbikes
Honda Korea plans to voluntarily recall 32 units of its Shadow 750 motorcycles due to manufacturing defects that could cause engines to stall unexpectedly, the country’s Transportation Ministry said Thursday.The decision resulted from a malfunction in bank angle sensors, which are designed to turn off the engine only when the motorbikes fall onto its side, according to the manufacturer.The recall
July 1, 2011
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Hynix CEO new head of chip association
Kwon Oh-chul, chief executive of Hynix Semiconductor, on Friday was inaugurated as the chairman of the Korea Semiconductor Industry Association. Kwon became the first executive not come from Samsung Electronics to become chairman. Kwon’s term will be until March of 2013. Kwon Oh-chul“Semiconductor demand has been sluggish on the back of a slower than expected recovery in the global economy, makin
July 1, 2011
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SC First union prolongs condo strike
Unionized workers at SC First Bank are expected to drag out their strike for an extended period of time in opposition to the management’s push for a performance-based pay system.The dispute between the management and workers continued as about 3,000 workers went on strike for a fifth day on Friday, leading to customer concerns of a prolonged walkout.The local unit of Standard Chartered Plc is tryi
July 1, 2011
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Builders’ H1 overseas contracts drop 35%
The value of overseas contracts won by Korean construction firms during the first half of the year fell 35 percent compared to the same period last year, industry data showed Friday.According to the International Contractors Association of Korea, local construction firms won 243 contracts during the first six months of the year, the combined value of which came in at $23.6 billion.In comparison, t
July 1, 2011
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Korean firm named among final bidders for Indonesian sub project
A Korean shipbuilder has been picked among the final candidates to export submarines to Indonesia, officials here said Friday.According to the Defense Acquisition Program Administration (DAPA), Daewoo Shipbuilding and Marine Engineering Co. will compete with a French company for the project."The project is worth about $1 billion," an official with the DAPA said. "Companies from Germany and Russia
July 1, 2011
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Hyundai-Kia chief stresses best quality
Hyundai Motor Group chairman Chung Mong-koo has called for employees in the United States to prioritize producing vehicles with “advanced” quality.His remarks are in line with Hyundai Motor and its affiliate Kia Motors’ road map to catch up with European and Japanese carmakers from its earlier business strategy focused on product stabilization.Chung visited a sales corporation of Hyundai-Kia in Lo
June 30, 2011
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SKT, LG Uplus to start commercial LTE services
SK Telecom Co. and LG Uplus Corp. plans to start commercial services of the “Long Term Evolution” mobile technology to usher in the long-awaited era of fourth-generation wireless networks, the companies said on Thursday. LTE is cited as the next-generation mobile technology following the current 3G, and promises to offer an Internet data transmitting speed of up to five to seven times existing net
June 30, 2011
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Samsung seeks to bar Apple’s U.S. sales
Korean company asks U.S. commission to block imports of mobile devicesSamsung Electronics has taken another legal step in its strife with Apple Inc. by requesting that the U.S. International Trade Commission block the import of overseas-made iPhones, iPads and iPods into the U.S.Samsung’s complaint involves all “mobile electronic devices, including wireless communication devices, portable music an
June 30, 2011
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Samsung seeks U.S. import ban on Apple products
SEOUL, June 30 (Yonhap) -- Samsung Electronics Co., the world's second-biggest maker of mobile phones, said Thursday that it has filed a complaint with the U.S. International Trade Commission (ITC) against Apple Inc., seeking import bans on six Apple products, including the iPhone, the iPad and the iPod. Apple violated five patents of Samsung, including wireless communications technology and techn
June 30, 2011
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LG Global Challenger
(LG Group)LG Group chairman Koo Bon-moo (left) hands the symbol for the LG Global Challenger program to the representative of students taking part at the company’s office in Seoul on Wednesday. The program is in its 17th year, and allows participants to take part in research projects and visit other countries.
June 30, 2011
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Korean conglomerates expand global network
SK Innovation’s oil platform in operation at an offshore mining area in Vietnam. (SK Group)Local firms look for opportunities for old and new businesses abroadFaced with a fast saturating domestic market, local firms have increasingly been seeking growth in overseas markets.For some, such as Hyundai Motor Group, overseas expansion has been an extension of their main businesses.Others, such as SK
June 29, 2011
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CJ Group hit by acquisition costs
Korea Express union opposes takeover, worries about job losses from potential merger with GLSHefty acquisition costs and bad blood with Samsung have left CJ Group pondering how to overcome the multiple hurdles it faces as the preferred bidder for logistics giant Korea Express, industry watchers said.At the top of the agenda is addressing industry concerns that CJ would have a tough time coming up
June 29, 2011